The UK's biggest Lifetime ISA provider, trusted by over 100,000 first-time buyers
Get a 25% government bonus on every pound you save
Earn a market-leading first year rate of 4.55% AER (variable), then 2.80%
Save up to £4,000 and get a £1,000 bonus free each year
Open a Cash Lifetime ISA or transfer in to join over 1.5 million people saving with Moneybox.
Govt. withdrawal charge may apply. ISA and tax rules apply.
Boring Money LISA 2026 winner
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Boring Money LISA 5 years running 2026 winner
What are our in-house experts saying?
"Since its launch, the LISA has helped hundreds of thousands of people buy their first home and plan for retirement, and over half of its users have been able to buy a home five years earlier than they otherwise would have. At Moneybox alone, we’ve supported over 1 million LISA customers, 80% of whom earn £40,000 or less." Read more
Brian Byrnes, Director of Personal Finance at Moneybox
Govt. withdrawal charge may apply. ISA and tax rules apply.
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25% bonus on all savings
Up to £1,000 free each tax year
UK's biggest Lifetime ISA provider
Helped over 100,000 people buy their first home
Award-winning Lifetime ISA
Boring Money Best Buy LISA - 5 years running & more!
What is a Lifetime ISA?
A Lifetime ISA is an individual savings account that can help you buy your first home, faster. There are two types: a Cash Lifetime ISA, and a Stocks & Shares Lifetime ISA. A Cash Lifetime ISA lets you earn interest on your money, while a Stocks & Shares Lifetime ISA invests your money in the stock market (capital at risk).
What is a Cash Lifetime ISA?
A Cash Lifetime ISA is an individual savings account designed to help people aged 18-39 save a deposit for their first home, or for retirement. The government gives you a 25% bonus on top of any money you save. You can save up to £4,000 each tax year into a Cash Lifetime ISA – that’s a free £1 for every £4 you contribute.
You can use a Cash Lifetime ISA to buy your first house up to the value of £450,000 – anywhere in the UK. Your Cash Lifetime ISA needs to be open for 12 months before you can use it to buy a house, and it isn’t ‘open’ until you’ve made your first deposit.
With the Lifetime ISA, a 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid in.
Why open a Moneybox Lifetime ISA?
Get up to £1,000 free as a government bonus, every year
The 25% government bonus means you get £1 free for every £4 you put in. You can save up to £4,000 each tax year, earning up to £1,000 in government bonuses. It's free money towards the deposit for your first home!
Moneybox is the UK's biggest Lifetime ISA provider
We've already helped over 100,000 people buy their first home - enough people to fill Wembley Stadium!
Earn a market-leading interest rate on top of the bonus
With the Moneybox Cash Lifetime ISA, you'll earn 4.55% AER (variable), which includes a 2.80% base rate (variable), and a fixed one-year bonus interest rate of 1.75% AER. That's on top of the 25% government bonus, helping you reach your deposit goal even faster.
Cash Lifetime ISA interest rates
Cash Lifetime ISA interest rates will vary according to the provider you choose. With the Moneybox Cash Lifetime ISA, you’ll get a market-leading interest rate of 4.55% AER (variable), which includes a 2.80% base rate (variable), and a fixed one-year bonus interest rate of 1.75% AER. That’s on top of the annual 25% government Cash Lifetime ISA bonus.
If you’ve already got a Cash Lifetime ISA but you’d like to earn the interest rate that we offer, it’s easy to transfer it over to Moneybox. You can find out how by downloading the app, and going to Settings > Transfers.
How to open a Cash Lifetime ISA
To open a Cash Lifetime ISA, just download the app, open a Lifetime ISA, and deposit at least £1 to get your Lifetime ISA clock ticking. Remember, it needs to be open for 12 months before you can use it to buy a house.
There aren’t any fees to open a Moneybox Cash Lifetime ISA – and your money is held with third-party banks, who are covered by the Financial Services Compensation Scheme (FSCS) up to £120,000.
Lifetime ISA vs savings accounts
Saving with another account? You could be missing out on free money.
With a Moneybox Cash Lifetime ISA, you'll earn 4.55% AER (variable) including a one-year bonus rate of 1.75% AER, on top of your savings and the government bonus. Although some current accounts pay interest, many do not. These figures should only be treated as a guide and are based on depositing £4,000 at the beginning of the year.
| Moneybox Cash Lifetime ISA | Savings account |
|---|---|---|
Interest rate | 4.55% | 4.76% |
Bonus | 25% | No bonus |
£4,000.00 | £4,000.00 | £4,000.00 |
Savings after a year | £5,224.32 | £4,190.40 |
Everything you need to know
If you have any questions, please chat to us in the app or email us via support@moneyboxapp.com.
Account Name
Moneybox Cash Lifetime ISA
What is the interest rate?
Interest rate (including a bonus rate of 1.75% AER for 12 months): 4.55% AER (variable)
Interest rate (after first 12 months): 2.80% AER (variable)
Interest is earned daily.
Interest earned due to the underlying interest rate is paid on the 1st day of each month, rounded down to the nearest penny.
Bonus interest is paid on the 1st day of your 13th month.
The bonus interest rate will be paid for 380 days from the day you complete the application for your first Moneybox Cash Lifetime ISA. The bonus interest rate does not apply to existing Moneybox Cash Lifetime ISA customers or to customers who switch their Lifetime ISA within Moneybox after the first 12 months.
Can Moneybox change the interest rate?
Yes – the underlying interest rate is variable, so it can go up or down, although the one-year bonus interest rate will not change.
We will inform you as soon as possible, via the Moneybox App, of any change to the interest rate.
What would the estimated balance be after 12 months based on a £1,000 deposit?
Estimated balance after 12 months (underlying interest rate with a bonus rate of 1.75% AER variable for 12 months): £1,305.17
Estimated balance after 24 months (only the underlying interest rate of 2.80% is paid for months 13 to 24): £1,341.71
The interest stays the same for the full 24 months.
The government pays a 25% bonus on your contribution, which is paid within 54 days of your contribution.
The estimated balance excluding the government bonus or if you transfer in another Lifetime ISA, on which your 25% bonus has already been paid can be seen in the table below:
Estimated balance after 12 months excluding the government bonus (underlying interest rate with a bonus of 4.55% AER variable for 12 months): £1,045.50
Estimated balance after 24 months excluding the government bonus, (only the underlying interest rate of 2.80% is paid for months 13 to 24): £1,074.77
How do I open and manage my account?
The account is available to UK residents aged 18 to 39. You can transfer an existing Cash Lifetime ISA at any age.
You may only open and manage the account via the Moneybox app.
Please note that your Cash Lifetime ISA account opening date is the day after Moneybox collected your first Cash Lifetime ISA contribution or the date we receive your ISA or Lifetime ISA transfer in request. You can transfer in existing Lifetime ISAs or make contributions by direct debit of up to £4,000 in total each tax year.
Joint accounts are not allowed.
Can I withdraw money?
You can withdraw cash to buy your first home (subject to the conditions set out in the questions and answers below) or anytime after you are 60 years old.
You need to buy a house with a mortgage (excluding a “Buy to Let Mortgage”), and you must use a conveyancer or solicitor to act for you in the purchase of the property.
Your Cash Lifetime ISA must have been open for at least 12 months. Please note the 12 months period will start from the day after Moneybox collected your first Cash Lifetime ISA contribution. If you have transferred Lifetime ISA to Moneybox from another provider the 12 month start from the date you paid into the original Lifetime ISA.
If you make a withdrawal before the Cash Lifetime ISA has been open for 12 months or for a reason other than buying your first home or after you are 60 years old then you will be charged the government penalty of 25% of the withdrawn amount. This may mean that you receive back less than you put in and we’ve provided an example of this in the questions and answers below.
The government penalty is not charged in the event of your death or terminal illness.
Additional information
The Lifetime ISA is a government savings scheme and the rules, including tax benefits, could change in the future.
Interest is paid tax-free. This means that you do not pay income tax on the interest earned in the Cash Lifetime ISA.
Moneybox guide to Lifetime ISAs
It's important you know
All investing should be long term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.
A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.
The Lifetime ISA is treated differently for tax purposes when compared to a pension. If you decide to opt out of your workplace pension and instead pay into a Lifetime ISA, you will not benefit from any employer-matched contributions into your LISA and it may affect your current and future entitlement to means-tested state benefits.
If considering the Lifetime ISA for the purposes of retirement, we recommend you speak with an independent financial advisor.